AIET Techabout 2 hours ago
Persistent Systems stock gains 31% on Nagarro deal
3 min read
Persistent Systems stock rose 31% from its 52-week low after announcing the $1.4 billion acquisition of Germany-based Nagarro. The company booked a $650 million multi-year mega deal from a US client, boosting revenue visibility. Rising acquisition costs could impact overall profitability.
Level
Hype check
Tap to vote and see what everyone thinks.
